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Technical Scans for Tuesday, April 15, 2014... BriefingTrader Column: The following scans are designed to give both Day and Swing traders opportunities based upon specific technical criteria. Market conditions/breadth should be evaluated to determine which set-ups will offer the greatest probability of success. Take the time to scroll through the charts and find those candidates with recognizable and clear technical patterns. Note on days where one particular scan results in too many stocks (20+), then those names with lower volatility and volume will be filtered out.
You can view a video webinar on trading these patterns by clicking here and here for a more recent update.
Any further questions, comments or suggestions can be emailed to Scott Smith, CMT, tapagescans@briefing.com
| SET-UP |
DESCRIPTION |
RESULTS |
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Shallow Pullbacks Longs | Minor Corrections In Uptrends |
APA, AXLL, CLX, ECYT, FSLR, GRMN, HCA, IBN, OCR, PEIX, QCOR, SVXY, WHR, WLP, XIV |
| Shallow Pullback Shorts | Minor Corrections In Downtrends |
none | | LQDXX Pullbacks | RSI (5) below 30-oversold among recent Leading stocks | AKAM, ARRX, AVGO, DAL, GMED, ILMN, LM, MD, SAVE, SNDK, TTWO, UNH, WDR, XLNX | | Power Up |
3 or more Days Running Higher |
none
| | Power Down |
3 or more Days Running Lower |
ACAD, ALLE, ARRS, ARWR, AXLL, BITA, CLDX, DAL, DHR, DISCA, EDU, INCY, ISIS, ITMN, JAH, MON, NPSP, NQ, QCOR, SHLD, SLXP, SODA, TEX, TMUS, TSL, UPS, VNDA | | Inside Day |
Range within prior Day's range |
AAPL, ADS, ALXN, BIIB, CTRP, DXCM, EQT, FAS, GILD, HLF, ILMN, JNUG, LNKD, MPC, NUS, NXPI, PCYC, QLD, SPY, TRIP, TRLA, TWC, ULTA, VMW, WDAY, WUBA, YY, Z |
Inside Week
(updated Weekly) |
Last Week's Range within Prior Week's range |
AMT, APC, EW, GME, HES, LH, MDCO, MYGN, ROSE, SALE, SBAC, SM, TEVA, WLL, YUM |
| Doji Day |
Narrowing Tight Action in normally Wide Range Stock |
AAPL, ASML, BIDU, CHTR, CME, CTRP, DECK, DIS, DOV, ECL, EMN, FLT, FMC, FSLR, GDXJ, GS, RL, TMO, UTX, VMW, WLP, YY |
Doji Week
(updated Weekly) | Narrowing Action with Close near the Open for the Prior Week. | AMT, BG ,CAT, CELG, CHKP, CONN, D, IBN, KMB, NUGHT, NVS, QCOM, RIO, SPG, SRE, SWN |
| Overbought |
Up aggressively compared to 5-day avg range |
ATI, CRK, EPD, EW, GDP |
| Oversold |
Down aggressively compared to 5-day avg range |
ACAD, APOL, BMRN, CLDX, DDD, DISCA, INCY, NQ, PRGO, SPWR, VEEV | | Wide Range Breakouts |
Strong Volume move Higher above recent resistance |
Filtered for above avg volume... CRK, GDP, JBHT, NOV, SWC, TE |
| Wide Range Breakdowns |
Strong Volume move Lower below recent support |
Filtered for above avg volume...ACAD, AR, BMY, CHTP, CLD, GCA, GOGO, HIMX, IDRA, INSM, JBLU, MTG, NBG, NQ, OGZPY, ONVO, OPK, PBI, RDN, RSX | | Tight Consolidations | A Few Weeks of Narrow Ranges | AMT, CTB, HIW, MDC |
| 20 Day Alerts |
Within 2% of 20-day simple moving average |
AGN, BIDU, CRZO, DI, DOV, EMN, EQT, FFIV, LYB, MJN, MMM, OXY, PH, PSX, PVH, ROSE, RTN, STX, UTX, WAG, WDC, XEC | | 50 Day Alerts |
Within 2% of 50-day simple moving average |
AGN, CMI, DIA, DTV, ESS, FIVE, HUM, MMM, MON, NUS, NXPI, OXY, PVH, RTN, SAVE, SPY, TRN, UGAZ, UNP, URI, UTX, VLO, VMW, WAG, WBMD, Z | | 100 Day Alert | Within 2% of 100-day simple moving average | ACT, ADBE, DIA, DISH, ECL, EXPE, FB, GMC, IWN, KORS, LRCX, MDY, MMM, NSM, PH, PX, PH, ROSE, SLXP, SPY, TWC, ZMH, ZU | | 200 Day Alerts |
Within 2% of 200-day simple moving average |
AMGN, BA, BIDU, CBS, CRM, CSIQ, ENDP, ETN, IBB, INCY, IRBNT, IWM, IWO, LRCX, MA, MHK, MNST, NFLX, REGN, SCTY, TRIP, TROW, V, VIAB |
| Zippers | Stocks under $20 with Strong Up Momentum | AA, AXAS, CENX, CIM, CMO, CPE, EGY, EPI, MNI, NDZ, ORAN, PES, PGS, PHK, PLUG, RDNT, RMBS, SBGL, SEM, SPIL, SWC. | BangForYourBuck
(updated Weekly) |
Best Daytrading/Scalping Movers |
Listed by highest volume...FB, GILD, P, TNA, SQQQ, TWTR, TSLA, HLF, UVXY, IACI, MYL, AMZN, AMGN, CSIQ, IBB, YELP, DDD, LNG, CRM, FAS, SNDK, SCTY, QLD, SINA, ENDP, FSLR, CELG, CTRP, FEYE, TQQQ, LVS, BIDU, QIHU, NFLX, NUGT, WDAY, SPLK, JKS, Z, ACT, TRLA, NXPI, VMW, QCOR, ILMN, LNKD, TRIP, ULTA, EXPE, GMCR, MNK, BMRN, UPRO, BIIB, FRX, PCYC, INCY, YY |
| BlueChip ETF Signals* |
Proprietary trend signal on SPY ** |
On a RED as of April 10, 2014 suggesting a more of a Bearish/Corrective environment.
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*This is based upon Daily and Weekly indicators and price action of the SPY. It is not to be used as an exact "timing" system, however, it is best used to establish an intermediate-term Long/Short "bias" based upon strong or weak momentum and trends. It can be subject to "false" or short-lived signals on occasion, especially if there are "gap" days that reverse through the prior day or week's range.
**Signals are color-coded accordingly: GREEN = Bullish/Upward Momentum Bias YELLOW = Neutral/Flat Momentum RED = Bearish/Downward Momentum Bias
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